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Public Debt and Economic Growth in Nigeria

This study investigates the impact of public debt on economic growth in Nigeria and to examine if debt service exert a statistically significant positive or negative effect on with economic growth in Nigeria using time series data covering 1981 to 2024 collected from the Central Bank of Nigeria Statistical Bulletin, National Bureau of Statistics and World Bank data.The study employed multiple regression analysis using the Autoregressive Distributed Lag (ARDL) model, complemented by descriptive statistics.The findings revealed that domestic debt exerts an adverse influence on economic growth in…

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